Chamisa Dismisses New Currency (ZIG)
Opposition leader Advocate Nelson Chamisa has emphasized the need for political reform rather than a mere change in currency in Zimbabwe.
In a recent statement, Chamisa asserted, “ZIMBABWE NEEDS POLITICAL CHANGE NOT A CURRENCY CHANGE…A currency is a bundle of trust and confidence. A currency is not a currency without confidence and value. ” He highlighted the importance of trust and confidence in the government for the stability and value of currency.
“Money represents a collective trust in the stability and reliability of the government. Its value is derived from the amalgamation of this confidence.”
Chamisa further elaborated that money represents a collective trust in the government’s stability and reliability, with its value linked to this confidence. Instead of focusing solely on introducing a new currency, he advocated for a dialogue that would lead to a citizen-backed political change and the formation of a new government.
ALSO READ: JUST IN: Reserve Bank of Zimbabwe Introduces New Currency “Zimbabwe Gold (ZiG)
Meanwhile, amidst these calls for political change, the Reserve Bank of Zimbabwe (RBZ) has announced a significant development in the country’s currency landscape. RBZ Governor Dr. John Mushayavanhu disclosed during the presentation of the 2024 Monetary Policy Statement (MPS) that a new structured currency named the “Zimbabwe Gold (ZiG)” will be introduced, starting this Friday.
Governor Mushayavanhu emphasized that the introduction of ZiG is aimed at establishing a solid and stable currency for Zimbabwe. This announcement comes at a critical juncture and signals a proactive approach by the RBZ to address currency stability and economic concerns in the nation.
